Forecast: General Government Procurement on Defence in France

General government procurement on defense in France has shown fluctuations from 2013 to 2023, ending the latter year at a value of 6.45. Notable year-on-year changes include a peak growth of 17.68% in 2015 and a decrease of 4.65% in 2014. The last two years, 2022 and 2023, show modest year-on-year increases of 0.95% and 0.94% respectively. The CAGR over the past five years is 0.76%.

Looking forward to the period from 2024 to 2028, forecasts indicate a steady but moderate growth in defense procurement, with an average annual growth rate (CAGR) of 0.67% and a cumulative growth rate of 3.38% over these five years. This suggests a trend towards stabilization and incremental increases.

Future trends to watch for include:

• Potential impacts of geopolitical shifts on defense spending
• Technological advancements driving procurement changes
• Budgetary constraints or shifts impacting government spending priorities